MoneyTec Traders Community Forum - View Single Post - FOREX

Pip Rippy · 20-05-2006, 07:07

I would think that currency correlations would work best on daily timeframe. A macro type fundamental forex trade. Most of the traders on these type boards are generally smaller technical traders(4hr-2hr-1hr-30min-15min-10min). I would be interested in knowing if you could watch a intraday 5 min chart of gold futures - and when the gold chart starts to really trend - you notice that the USD/CAD starts to take off. Like the equity daytraders watch the nasdaq futures before placing a stock trade. A edge could be found if you could find a intraday correlation? If anybody knows of any leading intraday indicators in forex I would be interested!

20-05-2006, 07:07	#9
Pip Rippy level 1 Join Date: Feb 2006 Posts: 51 Downloads: 0 Uploads: 0 Rep Power: 3	Re: FOREX - Intermarket Correlations I would think that currency correlations would work best on daily timeframe. A macro type fundamental forex trade. Most of the traders on these type boards are generally smaller technical traders(4hr-2hr-1hr-30min-15min-10min). I would be interested in knowing if you could watch a intraday 5 min chart of gold futures - and when the gold chart starts to really trend - you notice that the USD/CAD starts to take off. Like the equity daytraders watch the nasdaq futures before placing a stock trade. A edge could be found if you could find a intraday correlation? If anybody knows of any leading intraday indicators in forex I would be interested!